Dabur Eyes Growth with Strong Domestic Recovery Despite International Challenges

Dabur, a major player in the home-grown FMCG sector, has projected mid-single-digit growth in its consolidated revenues for the March quarter of FY26. This is attributed to a sequential recovery in the domestic market and double-digit growth in international markets. The company also expects its operating profit to surpass topline growth, indicating a robust quarter.

The domestic business showed steady momentum supported by a stable macroeconomic environment, leading to strong performance that offset challenges in key international markets like West Asia. Here, geopolitical tensions affected demand and supply chains. However, products like Hair Oils, Shampoo, and Home Care are predicted to record growth in the twenties, boosting the Home and Personal Care divisions.

The healthcare division is predicted to grow modestly. Dabur Honey, Honitus, Health Juices, and Hajmola franchises are driving double-digit growth despite Dabur Glucose's decline due to unusual weather. Foods and beverages continue to exceed expectations, maintaining over 20% growth. The West Asia conflict affected international business, but areas like Turkey, Bangladesh, and the UK kept double-digit growth. Dabur remains alert to geopolitical changes, preparing proactive strategies for cost and operations.